Knowledge Delivery Systems, an online platform that provides teacher development in the K-12 space raised $6 million from Edison Ventures and existing investors.
The funding will be used to accelerate sales & marketing, expand the management team, increase product development and build out the company’s digital content offering.
KDS provides professional development, certification and graduate programs customized for teachers and administrators in K-12. The product is currently used in public school districts in Philadelphia, Chicago, and different cities throughout New Mexico.
KDS aims to improve teacher know-how, effectiveness in the classroom and eventually student results in large urban school districts. The platform enables 50 teachers at a time to undergo week-long online education, trainings, and certifications while working in their own school districts.
Knowledge Delivery System was launched in 2001 as a webinar platform for teacher development but has since evolved into a specialized portal for teacher online education. Since its launch KDS has trained hundreds of thousands of educators through its online courses. According to VentureBeat KDS had revenue of approximately $10 million in 2013 and is on track to nearly triple that revenue this year.
Edison Ventures has invested in 13 edtech companies with successful exits including Assessment Systems, MathSoft, Nobel Learning, Presidium, Skills Bank and TetraData according to the press release.
- Edison Ventures Invests in Knowledge Delivery Systems | PRWeb
- Knowledge Delivery Systems takes $6M to lift up urban school districts | VentureBeat